Manet plc had the following share capital and reserves as at 1 January 2009:
|
£m |
|
|
Share capital (£0.25 ordinary shares) |
250 |
|
Share premium account |
50 |
|
Revaluation reserve |
120 |
|
Currency translation reserve |
15 |
|
Retained earnings |
380 |
|
Total equity |
815 |
During the year to 31 December 2009, the company revalued property, plant and equipment upwards by £30 million and made a loss on foreign exchange translation of foreign operations of £5 million. The company made a profit for the year from normal operations of £160 million and the dividend was £80 million.
Prepare a statement of changes in equity in accordance with the requirements of IAS 1 Presentation of Financial statements.